Court voided hashpower services transactions with $3-11.9M value discrepancy
Company: IREN
The claim, verbatim
The Court declared transactions pursuant to hashpower services provided by Non-Recourse SPVs to the Company to be void, with a discrepancy between value received and consideration paid of $3 million to $11.9 million.
Source (primary)
IREN 6-K filed 2023-08-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Court declared transactions pursuant to hashpower services provided by the Non-Recourse SPVs to the Company to be void (the Court noted that based on the submissions to date, the discrepancy between the value that the Company received for the hashpower and the consideration paid to the Non-Recourse SPVs is between $3 million and $11.9 million)”
How we checked this
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Additional evidence
confirms IREN 6-K filed 2023-08-11
Quote: “the Court declared transactions pursuant to hashpower services provided by the Non-Recourse SPVs to the Company to be void (the Court noted that based on the submissions to date, the discrepancy between the value that the Company received for the hashpower and the consideration paid to the Non-Recourse SPVs is between $3 million and $11.9 million)”